Salesforce (NYSE:CRM) Price Target Raised to $300.00

Salesforce (NYSE:CRM) had its target price lifted by Canaccord Genuity Group from $270.00 to $300.00 in a report released on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the CRM provider’s stock.

Several other research firms have also issued reports on CRM. Truist Financial reiterated a “buy” rating and set a $300.00 target price (up from $280.00) on shares of Salesforce in a report on Thursday, August 27th. Susquehanna started coverage on Salesforce in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. B. Riley Financial boosted their target price on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Raymond James Financial restated a “strong-buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Finally, HSBC raised their price target on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.14.

Salesforce Trading Down 2.2%

NYSE:CRM opened at $237.56 on Thursday. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a market cap of $195.51 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.09 and a beta of 1.20. The company has a 50-day moving average price of $208.91 and a 200-day moving average price of $189.25. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities analysts predict that Salesforce will post 12.82 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Salesforce

Hedge funds have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC purchased a new stake in Salesforce during the 4th quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Salesforce in the 4th quarter worth approximately $34,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Salesforce in the fourth quarter valued at $36,000. Abound Financial LLC purchased a new stake in Salesforce in the 4th quarter worth about $38,000. Finally, Costello Asset Management INC increased its stake in Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 119 shares during the period. Institutional investors own 80.43% of the company’s stock.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above market expectations. Management said artificial intelligence, data products and higher customer spending should support long-term growth and help counter fears that AI could disrupt its core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Several firms raised their price targets, including Stifel, Canaccord Genuity, BMO Capital Markets, Citizens JMP, Stephens and Wells Fargo. Targets generally range from $250 to $315, reflecting optimism that Agentforce and other AI products can accelerate revenue and customer expansion. Six Analysts Turn Bullish on Salesforce
• Positive Sentiment: BNP Paribas described business activity as improving, while Salesforce’s broader AIforce strategy connects CRM data with partners including Google Cloud, Anthropic, Nvidia and Snap. These relationships could increase Agentforce usage and strengthen Salesforce’s enterprise ecosystem.
• Neutral Sentiment: Salesforce unveiled Koa, its first internally developed AI model for CRM reasoning, and AIforce, a platform intended to make CRM data available across multiple applications. However, Koa is not yet broadly available, limiting its immediate effect on revenue or earnings. Why Salesforce’s Homegrown AI Model Won’t Move the Stock Until 2027
• Negative Sentiment: UBS said AIforce could drive usage but cautioned that its pricing is currently too high. Investors therefore remain uncertain whether Agentforce adoption will translate into substantial incremental revenue and acceptable customer returns. Salesforce’s AIforce Offering has Potential to Drive Usage but Price Point is Too High
• Negative Sentiment: The stock has rallied sharply toward its 52-week high, so investors may be taking profits while waiting for proof of near-term AI monetization. A recent system outage and mixed partner feedback on pricing add to execution concerns. Why Salesforce Stock Dropped Despite Analysts Boosting Targets

Salesforce Company Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.